Ouch.Some economists and "experts" should be prosecuted for selling doom and gloom.

I'm a former San Antonio Police Officer - believe me this guy and others like him are Criminals and can and should be prosecuted.

You're under capitalized and the regulators and prosecution will run straight through your sham entities quicker than Grant went through Richmond (which was a day I believe).

To not do that and rent it out right away is fraud and you can be prosecuted for violating the law.Of course there are exceptions and hardship rules with which you need to be familiar with.

For example here in FL if the tenant writes me a bad check I can send a certified letter with certain verbiage and if they don't pay the check amount and fee within the specified time I can turn it over to the state's attorney for prosecution.

The contract should stipulate that upon the turn-over of occupancy, and after a completed and approved walkthrough of the interior that the property is in good condition, at that point, occupant receives cash or cashiers check, never ahead of time.Kelly Payne - Never pay any "deposit" of cash for keys, 10% or even 1%. if occupants agree to a cash for keys, it is paid in full, only upon the day of vacancy from the premises by the occupant(s).If occupants do not agree to cash for keys and IF they threaten destruction of property if evicted, note the condition of the property and send legal notification that destruction of property will be prosecuted to the fullest extent of the law.

There have been prosecutions for such theft in Cali.

I remember when the OFAC law came around and everybody, including crack head Susan was telling people you will go to jail if you don't follow the law, and I don't know anyone that went to jail of was given a fine but yes the OFAC law is real and should be a follower Joe Gore Joe-Apparently you missed the 24 people that have been criminally prosecuted so far this year on OFAC violations, or the $ 103,901,728.00 in fines.

Was there prosecution for the shooting?

There has been a lot of fraud in this area, where borrower say that they are going to live in the property and sign a paper that they will do so for at least a year, that the penalties have grown over time as well as the prosecutions.